1069 Spring Creek Rd
Montevallo, AL 35115
List Price
$175,000
Initial Investment
$47,688Purchase Price
$175,000
Down Payment
25%
Rent
$1,380
Total Return
$75,579
Annualized Return
22.0%
Cap Rate
6.8%
Gross Yield
9.5%
Cash Flow
$1,745
Appreciation
6.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
21,600
HOA
None
Flood Risk
Not Required
Looking for the ideal one-level home in the heart of Montevallo? Your search ends here! Welcome to 1069 Spring Creek Rd, a charming home that offers comfortable, main-level living. The spacious living room features a cozy brick fireplace, & the kitchen comes equipped with stainless steel appliances & a convenient eat-in area. It seamlessly flows out to the back patio, perfect for indoor/outdoor living. The primary bedroom includes a walk-in closet & an en-suite bathroom. Two additional bedrooms & a full bathroom complete the interior. Outside, you'll find an attached car carport, extra parking space, a storage room, & over half an acre of property to enjoy. Recent updates include a new roof in 2023, a water heater in 2024, fresh interior paint in 2024, windows replaced in 2018, & a recently serviced HVAC. Plus, this home qualifies for 100% USDA financing! Whether you're a first-time homebuyer, looking for a rental investment, or simply seeking a low-maintenance option, this home is it!
See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781
Annual Financial Highlights
Expected Rent
$15,732Expenses
-$2,873Property Taxes
-$1,600Loan Payments
-$9,514Net Cash Flow
$1,745See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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SourceGreater Alabama MLS
MLS #21402163
Last Updated: 11/08/2024 10:11
MLS #21402163
Last Updated: 11/08/2024 10:11